Microsoft has announced a new partnership with popular domain name and website provider GoDaddy that's designed to expand the use of Office 365. Today, the two companies announced that GoDaddy will offer Microsoft's productivity software service to its small business customers.

Today's press release states that this new agreement will offer GoDaddy's 12 million worldwide customers with "seamless access to professional email connected to their domain names, cloud storage and a full suite of Microsoft productivity solutions." Specific financial terms of this new partnership were not announced. Office 365 is now available for GoDaddy's small business users in the U.S. and Canada and will expand to more international markets in the coming months.

Microsoft added that it commissioned a study from the Boston Consulting Group which claims that if more small and medium-sized businesses started using the latest IT software, "it could potentially boost their revenues by a combined $770 billion and create more than 6 million jobs."

This is not the first such partnership between these two companies. In October, Microsoft announced that Office 365 business users could quickly buy a new domain name directly from the software, and the purchase would be handled on GoDaddy's end. Domain names that were already bought via GoDaddy can be added to Office 365 so that they can be maintained and billed from within the software.